Timing Retirement To Keep Healthcare Costs Down

You may have read that Fidelity says a 65-year-old retiring this year can expect to spend an average of $185,500 on health expenses through retirement, not including long-term-care or dental costs. That’s up 7.5% from a year ago and works out to a total of roughly $9,250 a year for someone who lives to age 85.

Something you may not know: Your out-of-pocket health costs could be dramatically higher or lower depending on when you retire.